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Russia using Bitcoin, USDT for oil trades with China and India: Report

Russian oil companies are utilizing Bitcoin and Tether’s USDT for international trades with China and India. This shift, driven by global sanctions, allows firms to conduct transactions more efficiently despite regulatory pressures.

Despite any potential easing of sanctions, the use of cryptocurrencies in Russian oil trades is likely to persist as it offers a swift payment method, reflecting the ongoing adaptation of the industry.

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